The Sandbox SAND/USD is a play-to-earn game that combines blockchain technology, decentralized finance (DeFi) as well as non-fungible tokens (NFTs) within a 3D metaverse.
This is a virtual world that essentially allows its players to create as well as customize their games and digital assets with free design tools.
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SAND is the native cryptocurrency token used within the Sandbox as well as the native marketplace.
The 2 million player milestone as a catalyst for growth
On February 22, we discussed if SAND was worth buying when it reached $3.
On March 3, 2022, The Sandbox metaverse game has surpassed 2 million registered users due to the play-to-earn season 2 Alpha launch.
The crypto game backed by NFTs and the native token SAND has been in development for four years, and the latest preview comes just a couple of months after the season 1 alpha launch, which occurred in November.
Season 2 officially kicked off, where any user is able to explore 35 different virtual experiences, such as a sneak peek at the “Snoopverse,” which is created in a partnership with the popular rapper Snoop Dogg.
There is a total of 200 quests that players can complete as a means of earning a chance at getting an Alpha Pass NFT that will reward owners up to 1,000 SAND which is worth around $3,000 at the time of writing.
Additionally, on March 2, The Sandbox also made an announcement that it partnered up with Cube Entertainment as a means of developing tokenized assets for the game that feature Korean culture, such as K-Pop.
Should you buy The Sandbox (SAND)?
On March 4, 2022, The Sandbox (SAND) had a value of $3.06.
The all-time high value of The Sandbox (SAND) was on November 25, 2021, when the token reached a value of $8.40. Here, we can see that the token was $5.34 higher in value or by 174%.
When we go over the performance of the token throughout the previous month, The Sandbox (SAND) had its highest point of value on February 9, at $4.81.
Its lowest point of value, however, was on February 24, when the token decreased in value to $2.69.
This gives us an indication that the token decreased in value by $2.12 or by 44%.
However, from February 24 to March 4, the token saw an increase in value of $0.37 or by 13%.
With this in mind, we can expect The Sandbox (SAND) token to reach a value of $4 by the end of March 2022, making it a solid token to purchase.
Where to buy right now
To invest simply and easily, users need a low-fee broker with a track record of reliability. The following brokers are highly rated, recognised worldwide, and safe to use:
- Etoro, trusted by over 13m users worldwide. Register here >
- bitFlyer, simple, easy to use and regulated. Register here >
Source: https://invezz.com/news/2022/03/04/sandbox-reached-2-million-users-is-it-now-the-right-time-to-buy-the-sand-token/